Author: AnswerStock

Is Care.com a Budding ‘Safe Haven’ Investment?

By AnswerStock•

Investment in Care.com may show an increasing appetite for non-conforming stocks.

Inside investment in the company Care.com is catching attention from investors … The stock saw a significant bump this morning amid a general market downturn.

Overall, the Dow Jones Industrial Average has fallen a couple of hundred points over the past month, but within the general melee, some stocks are still attractive to some investors…

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H&R Block Stock Drops After Earnings

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H&R Block misses the mark on Q1 earnings…

H&R Block released its first-quarter earnings results on Wednesday, revealing lower-than-expected revenue. The company’s stock opened on Wednesday at $26.80 and dropped nearly 7% after the earnings report.

The tax preparation company reported a net loss of $150.2 million, down from $152.7 million in the same quarter last year. This translates to a net loss per share of 74 cents, the same as it was in last year’s quarter.

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Costco Closes Shanghai Store Early Due to Massive Customer Turnout

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Costco’s store opening in China caused traffic jams and safety concerns.

The ongoing trade war between the U.S. and China has gotten a lot of media attention in recent months. Many analysts have speculated whether the trade war will sour Chinese attitudes toward American businesses. 

This certainly didn’t seem to be the case when Costco opened its first mainland China store in Shanghai. Costco opened its newest store on Tuesday, and the reception was far beyond anything the company could have anticipated. 

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Can the Peloton IPO Power Through Weak Financials?

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IPO documents give investors a closer look at Peloton’s financials.

On Tuesday, at-home fitness equipment manufacturer Peloton revealed the documents it filed ahead of its initial public offering. The company confidentially filed for IPO in June.

Peloton specializes in producing exercise cycles and treadmills with screens that allow users to join in on live and pre-recorded fitness classes from home. Members have to pay a monthly subscription fee to access these classes on their equipment or through the Peloton app.

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Guggenheim Upgrades Lyft to ‘Buy’

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Lyft may reach profitability sooner than expected.

Lyft’s price increases may help the company become profitable sooner than many anticipated, according to Guggenheim.

As a result, the investment firm has upgraded Lyft to ‘buy’ with a price target of $60. After closing at $49 on Friday, Lyft stock jumped by about 4% on Monday. The price target is around 20% higher than Lyft’s current share price.

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Johnson & Johnson Stock Rises Despite Opioid Case Verdict

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J&J stock jumps despite an unfavorable court ruling in a landmark opioid case…

On Monday, an Oklahoma judge ruled against Johnson & Johnson (J&J) in a landmark opioid case. According to the ruling, J&J is ordered to pay a $572 million fine for its role in the Oklahoma opioid epidemic. The hefty fine will be used to fund one year of costs under Oklahoma’s new plan to combat the current opioid crisis.

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KFC’s ‘Beyond Fried Chicken’ Test Nudges Beyond Meat Shares

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Can BYND go further on recent KFC news?

Purveyor of meatless foods Beyond Meat surged nearly 3% in pre-market trading this morning, building on a multi-day rally as the stock crested near $160 per share, representing an attempt to return to an all-time high of $234.90 on July 26.

Last Friday, BYND was trading around $147, but a spike Monday brought the stock up to around $153.

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Chinese AI Firm Files for IPO

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Megvii Technology files for IPO in Hong Kong…

Megvii Technology has filed for its initial public offering on the Hong Kong stock exchange. The Alibaba-backed company is an artificial intelligence startup that’s most known for its facial recognition technology.

The company’s prospectus didn’t reveal an IPO date or share pricing. But Reuters reported that the company plans to raise between $500 million and $1 billion with the IPO and is expected to start selling shares in the fourth quarter of this year.

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3 Reasons to Cozy Up to Nestlé Stock

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The company’s shares are up 36% year to date.

As market conditions become increasingly volatile, investors look for companies that have shown they can weather difficult economic conditions. Nestlé, the world’s largest packaged-foods company, is one such company.

Nestlé’s stock is on a roll this year. The company’s shares are up 33% even as the Stoxx Europe 600 index declined by 2% over the past year. This growth is largely thanks to the company’s efforts to streamline its operations and update its products to reflect changing consumer preferences.

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Target to Add Disney Magic to 25 Stores This Fall

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Can a new Disney addition help propel Target to new heights?

American mega-retailer Target is going back to the power of a long-loved brand — it plans to open new Disney shops inside 25 of its stores this fall.

According to a press release from Target, Disney fans will be able to walk into these selected locations and find a corner of the store devoted to iconic figures like Mickey Mouse as well as some of Disney’s newer beloved characters and themes in an interactive setting.

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